Energy News

CALGARY, A.B. - A lawsuit filed this week in a U.S. court says ExxonMobil has dramatically underestimated the risks its oilsands assets face from efforts to reduce carbon emissions. The lawsuit, filed after a three-year investigation by the New York attorney general's office, charges that Exxon deliberately lowballed by $30 billion the carbon costs faced by 14 different Alberta oilsands...

CALGARY, A.B. - Husky Energy Inc. topped expectations as it said it earned $545 million in its latest quarter, up sharply from $136 million in the same quarter last year. The energy company says the profit amounted to 53 cents per share for the quarter ended Sept. 30, compared with a profit of 13 cents per share a year ago. Production...

CALGARY, A.B. - Crescent Point Energy Corp. posted a profit of $30.5 million in its latest quarter compared with a loss of $270.6 million a year ago. The energy company says the profit amounted to six cents per share for the quarter ended Sept. 30 compared with a loss of 50 cents per share in the same quarter last year. Production...

GRANDE PRAIRIE, A.B. - The Grande Prairie RCMP are investigating after a well site explosion Tuesday night. The explosion happened at around 7:20 p.m. south of Grande Prairie near Musreau Lake. One 50-year-old male was found deceased on scene, one male was transported to a hospital in Grande Prairie with non-life-threatening injuries, and a third male was not physically injured. All three were...

VANCOUVER, B.C. - Indigenous leaders in British Columbia are threatening future court challenges of the National Energy Board's review of the marine shipping effects of an expanded Trans Mountain pipeline. Grand Chief Phillip Stewart, of the Union of B.C. Indian Chiefs, says the project is a ``stinker'' that will worsen climate change, which is already contributing to devastating wildfires and...

SURREY, B.C. - A British Columbia natural gas supplier is warning its one million customers to expect reduced supplies and ``challenges in times of high demand'' as winter looms. FortisBC says in a statement that the Oct. 9 rupture and explosion of the Enbridge natural gas pipeline northeast of Prince George will mean a reduced supply for months. Although Enbridge says...

CALGARY, A.B. - The National Energy Board says it will consider a jurisdictional challenge of a pipeline approval that is a key component in a recently sanctioned $40-billion liquefied natural gas export facility in British Columbia. The federal regulator says it will accept submissions until next Monday from challenger Mike Sawyer, the provincial and federal governments, and other parties on...

CALGARY, A.B. - Alberta Premier Rachel Notley is proposing Ottawa get into the crude-by-rail business. She says Alberta heavy oil producers have been dealing with a punishing price gap between their product and U.S. light oil. She says that amounts to money being taken out of the Canadian economy and sucked into American bank accounts. The differential is about US$40 a barrel...

VANCOUVER, B.C. - The federal government says it will monitor underwater ship and mammal noise in British Columbia's Salish Sea to help develop measures to support the recovery of endangered southern resident killer whales. Terry Beech, parliamentary secretary to the transportation minister, announced the measures as his government is set to face new scrutiny on the impacts of the Trans...

VICTORIA, B.C. - The company that owns the natural gas pipeline that ruptured and burned earlier this month in central British Columbia says repairs should be complete by the middle of November. Enbridge says in a statement that work to fix the 91-centimetre pipeline is underway, and subject to regulatory approval, it should be back in service in November under...

CALGARY, A.B. – Tidewater Midstream announced today that it has received approval from the Alberta Energy Regulator to build its proposed Pipestone Montney Sour Deep-Cut Gas Processing. The Pipestone Plant is proposed to be built in the Pipestone area near Grande Prairie and is designed to process approximately 100 million cubic feet/day of natural gas. "Tidewater is pleased to receive regulatory approval for this plant which...

WINNIPEG, M.B. – The Manitoba government has hired former B.C. premier Gordon Campbell to review two major hydro projects that have added billions of dollars to the provincial debt. Campbell will look at whether the Keeyask Generating Station and Bipole Three transmission line – projects built under the former NDP government – were based on sound economics. Among the issues Campbell...

CALGARY, A.B. - MEG Energy Corp. shares rose, fell and rose again Thursday morning after it formally rejected a hostile takeover offer from oilsands rival Husky Energy Inc. The target company said after markets closed Wednesday that the Husky offer is opportunistic and undervalues its assets and prospects, adding it intends to conduct a formal process that could identify a...

KITIMAT, B.C. - Canada's natural resources minister says the environment and the economy go hand-in-hand after he toured the site of a new liquefied natural gas venture in British Columbia, days after the United Nations warned more needs to be done to cut greenhouse gas emissions. Amarjeet Sohi said Wednesday the government is showing leadership on climate change to meet...

CALGARY, A.B. - MEG Energy Corp. says its board is unanimously recommending that shareholders reject Husky Energy Inc.'s $3.3-billion hostile takeover offer made on Oct. 2. In a news release, the Calgary-based oilsands company says the offer ``significantly undervalues'' its shares and is not in the best interests of the company. Husky is offering a combination of cash or shares worth...

CALGARY, A.B. - There's a ``seller's market'' for attractive assets like those held by its Canadian subsidiary, the CEO of Kinder Morgan Inc. said on a conference call Wednesday to discuss third-quarter results. The company is working on a strategic plan that could include a sale or sale of assets for its Canadian arm even though it likely won't distribute...

VANCOUVER, B.C. – The partnership looking to build a floating LNG export terminal on the west coast of Vancovuer Island has entered the next phase of the project’s development. Kwispaa LNG, which is being developed through a co-management relationship between the Huu-ay-aht First Nations and Steelhead LNG, announced today that it has made a submission of the Project Description to the...

PRINCE GEORGE, B.C. - The company that owns the natural gas pipeline that ruptured and burned one week ago in central British Columbia, says the dust that settled on homes near the blast site does not pose a health threat. The latest post on the Enbridge website says earth sampling near Prince George shows mineral and metal composition is well...

The latest local news, sports and community events from Fort St. John and the communities of the North Peace. Plus we cover news from Dawson Creek, Chetwynd, Hudson's Hope, Tumbler Ridge and Fort Nelson.